NAVN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-10

• specified contractual thresholds. Our suppliers include airlines, hotels, car rental companies, rail carriers, and providers of GDSs. Our payment partners primarily include our corporate card payment processors and card issuing partners.

• Cost of revenue consists of direct personnel-related costs associated with customer support and a portion of customer success personnel costs, including salaries, bonuses, stock-based compensation, benefits and other expenses. In addition to personnel-related costs, cost of revenue includes third-pa…

• Gain on sale of property and equipment reflects the difference between the carrying value at the date of disposal and the net consideration received from sales of property and equipment during the period.

• Cost of revenue for the six months ended July 31, 2026 increased by $24.9 million, or 27%, primarily due to an increase in salaries and related benefits of $11.4 million driven by an increase in headcount. Additionally, cloud hosting, support, processing, and ticketing fees increased by $8.8 million…

• Research and development expense for the three months ended July 31, 2026 increased by $13.9 million, or 42%, primarily due to an increase in salaries and related benefits of $12.7 million driven by an increase of $8.2 million related to stock-based compensation expense recognized after and as a res…

Text removed vs the prior filing · source: 10-Q · 2026-06-11

• unified Navan brand. During and subsequent to the transition, customers will continue to receive the same premium level of service they value today.

• Cost of revenue consists of direct personnel-related costs associated with customer support and a portion of customer success personnel costs, including salaries, bonuses, stock-based compensation, benefits and other expenses. In addition to personnel-related costs, cost of revenue includes third-pa…

• cloud infrastructure costs incurred to deliver our cloud-based travel and expense management platform, amortization of internally developed software and acquired technology, credit card processing fees, third-party vendor fees, and the allocation of certain corporate costs.

• Research and development expense for the three months ended April 30, 2026 increased by $8.0 million, or 25%, primarily due to an increase in salaries and related benefits of $8.1 million driven by an increase of $4.1 million related to stock-based compensation expense and an increase in headcount, …

• Sales and marketing expense for the three months ended April 30, 2026 increased by $30.0 million, or 49%, primarily due to an increase in salaries and related benefits of $14.4 million, of which $4.7 million related to stock-based compensation expense. The increase in salaries and related benefits i…

Text added vs the prior filing · source: 10-Q · 2026-09-10

• Based on that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and

• procedures were effective to provide reasonable assurance that the information we are required to disclose in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and (ii) accumulated and …

Text removed vs the prior filing · source: 10-Q · 2026-06-11

• Based on that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures were effective to provide reasonable assurance that the information we are requi…

Text added vs the prior filing · source: 10-Q · 2026-09-10

• States. In addition, there are significant costs and risks inherent in conducting business in international markets, including:

• to expand internationally and manage the complexity of our global operations successfully, our business, financial condition, results of operations, and prospects could be adversely affected.

• marketing strategies, our business, financial condition, results of operations, and prospects could be adversely affected.

• multiple jurisdictions, and create complex legal challenges due to varying international privacy laws if data these international partners process on our behalf is impacted.

• In addition, our Expense Management and corporate card offerings face significant competitive challenges from do-it-yourself approaches as well as companies that provide traditional horizontal platform solutions with expense management features, such as Expensify, Oracle, and SAP, corporate

Text removed vs the prior filing · source: 10-Q · 2026-06-11

• In addition, our Expense Management and corporate card offerings face significant competitive challenges from do-it-yourself approaches as well as companies that provide traditional horizontal platform solutions with expense management features, such as Expensify, Oracle, and SAP, corporate card pro…

• the metrics we rely on to track our performance do not provide an accurate measurement of our business, our reputation may be harmed, we may be subject to legal or regulatory actions, and our business, financial condition, results of operations, and prospects could be adversely affected.

• management or other key employees or that we would be able to timely replace members of our senior management or other key employees should any of them depart.

• Act 2018 (collectively, the “UK GDPR”) other EU member state-implementing legislation, and the privacy laws of many other foreign jurisdictions.

• Additionally, the U.S. Department of Justice issued a rule entitled the Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countries of Concern or Covered Persons, which places additional restrictions on certain data transactions involving countries of concern (such as …